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Jet2 PLC ( (GB:JET2) ) has issued an update.
Jet2 plc has announced the purchase of 165,000 ordinary shares as part of its buyback program, with the intention to cancel these shares, reducing the total number of shares in issue to 208,269,045. This strategic move, authorized by shareholders, is part of a broader effort to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (GB:JET2) stock is a Buy with a £1850.00 price target. To see the full list of analyst forecasts on Jet2 PLC stock, see the GB:JET2 Stock Forecast page.
Spark’s Take on GB:JET2 Stock
According to Spark, TipRanks’ AI Analyst, GB:JET2 is a Outperform.
Jet2 PLC demonstrates strong financial performance, supported by robust revenue and profitability growth, effective equity leverage, and strategic financial maneuvers like share buybacks. These strengths are somewhat offset by high liabilities and potential overbought technical indicators. The stock is undervalued, presenting an opportunity for investors, although caution is advised due to mixed technical signals.
To see Spark’s full report on GB:JET2 stock, click here.
More about Jet2 PLC
Jet2 plc is a Leisure Travel Group, comprising Jet2holidays, the UK’s leading provider of ATOL protected package holidays to leisure destinations across the Mediterranean, Canary Islands, and European Leisure Cities, and Jet2.com, the UK’s third largest airline by number of passengers flown, specializing in scheduled holiday flights. Jet2 operates from 13 UK airport bases.
YTD Price Performance: 4.97%
Average Trading Volume: 810,939
Technical Sentiment Signal: Buy
Current Market Cap: £3.37B
For detailed information about JET2 stock, go to TipRanks’ Stock Analysis page.